Despite the hefty price tag, fans are likely to be thrilled with the signing of a new striker, and Hodgson believes that Gyokeres would be a great addition to the team. As someone who has worked in Sweden at the beginning of his career, Hodgson is well-versed in the country's football scene and has high praise for Gyokeres' abilities.

"Viktor Gyokeres is already playing at a top level with a big club, receiving the kind of football that the Swedish national team would want," Hodgson said. "If he were to join Arsenal, I'm sure he would be welcomed by the entire Premier League for the level of play he would bring."

Hodgson also noted that Gyokeres' playing style could create an interesting dilemma for the national team coach, as he is accustomed to playing as a lone centre forward, with the option to be supported by players from behind or from the wings. This could lead to a decision on whether to pair him with another striker, such as Alexander Isak.

Arsenal is also expected to make a new approach for Christian Mosquera this week after their initial bid of £14m was rejected by Valencia. Manager Mikel Arteta is showing no hesitation in investing in his squad as he aims to lead the team to success and bring another trophy to the Emirates Stadium.